Nigeria’s SecureID taps into Africa’s move from cash to plastic

Workers are seen in the Secure ID factory in Lagos, Nigeria. — Reuters

LAGOS: Sub-Saharan Africa lags other regions such as Asia in moving away from cash to plastic money. One Nigerian company is aiming to close that gap by tapping into a growing appetite for smart cards across the continent.

SecureID makes bank cards, mobile phone SIMs and voting cards for businesses in 21 African countries, to address an acute need for secure electronic cards carrying sensitive data, particularly in the banking sector.